Kohl's (KSS) lowers fiscal 2015 EPS guidance

** charts after guidance **

 

** charts before guidance **

Kohl's lowers fiscal 2015 EPS guidance to $3.95-$4.00 from prior guidance of low end of $4.40-4.60 vs $4.33 consensus; reports Q4 comps +0.4% and total sales below consensus :

• Co reports Q4 (Jan) total sales +0.8% (calculates to ~$6.39 bln vs. $6.47 bln Capital IQ Consensus Estimate). Co lowered its FY16 (Jan) EPS to $3.95-4.00, excluding debt extinguishment losses recorded in prior quarters,  vs. $4.33 Capital IQ Consensus Estimate; FY16 (Jan) total sales were +1% (or ~$19.21 bln vs. $19.3 bln Capital IQ Consensus Estimate).
• "While we experienced our fifth consecutive quarter of positive comparable sales increases, sales were very volatile and less than planned in the fourth quarter. We experienced a very strong holiday selling season from the week of Thanksgiving through Christmas. These results were offset by a very slow start to the quarter in early November and a weaker-than-expected January as soft demand for cold-weather goods led to lower store traffic in these more discretionary shopping periods... We were pleased with the performance of our digital business as online generated orders and sales each grew ~30% during the quarter."